NEWS: EUR/USD price increased 0.2%. The euro continues to benefit from the EU's rapid vaccination program and travel reopening, while the dollar is pressured by dropping US government bond yields.
Possible Scenarios:
If EUR/USD fails to breach through R1 of 1.21456, our Research Department expects the EUR/USD to undergo a short-term downward correction.
If EUR/USD manages to break above its R1 of 1.21456, our Research Department expects the EUR/USD to extend its gains to its R2 of 1.21615.
Support and Resistance Levels:
EUR/USD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.20715 |
1.20873 |
1.21032 |
1.21244 |
1.21456 |
1.21615 |
1.21773 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €82.52 |
(+/-) £70.94 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.21186
***GBP/USD = 1.40974
Calculations for exchange rate used as of 08:40 (GMT+1) 15/06/2021